In the facts, There is a lot of ICO that is running under Ethereum.  It's easy to make the token depending on Eth. So it lead to result that there are more ICO scam which now is pulling the Eth down too. The price of Eth in the market is lower. Personally, i think that Eth still a promising project. It has the potential to develop in the future. However, It's actually hard to replace Bitcoin which is an original coin.